SEC Form 4 · accession 0001764067-19-000006
GLOBAL INDUSTRIAL Co · GIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul S Pearlman
Director
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 6:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945114
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 7, 2019 | A | 849 | $0.00 | A | 849 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1(1)On January 7, 2019 (the date the Reporting Person became a director of the Issuer), the Reporting Person received 849 shares of restricted stock units pursuant to the Company's 2010 Long Term Incentive Plan (such grant reflecting the usual annual $40,000 grant being pro-rated). The number of restricted stock units was determined by dividing $20,000 by the average closing price per share during the 20 trading days preceding the date of such appointment (rounded up to the nearest whole number of shares). Such shares are generally subject to forfeiture if the holder is not a director of the Company on June 4, 2020, and can not be sold while so restricted; such restrictions lapse if the holder dies or becomes disabled or there is a change of control, as defined in the grant agreement.